From the Newsroom
São Paulo – Brazil’s Gross Domestic Product (GDP) shrank by 0.3% in February from January, as per estimate-based indicator GDP Monitor, from Fundação Getulio Vargas (FGV). In the three months through February, GDP climbed 0.6% over the preceding three-month period.
The three months through February also saw GDP go up 1.7% from the year-ago period. FGV research coordinator Claudio Considera pointed out that rates exceed those of last year. He said the cyclical recovery lost steam in February.
Year-on-year in the three months through February, process industry activities were up 5.4%, with trade going up 4.7%. Activity slid in all other sectors of Brazilian industry.
With information from Agência Brasil.
Translated by Gabriel Pomerancblum